A deep dive into Asian Paints Ltd. (ASIANPAINT) — examining the financials, valuation picture, and who owns the stock.
Asian Paints Revenue Trend
For FY2026, Asian Paints Ltd. recorded revenue of ₹35,584 Cr. That's 4.9% higher than the ₹33,906 Cr it brought in during FY2025.
Over the past 10 years, revenue has grown at a 8.6% CAGR, from ₹15,534 Cr to ₹35,584 Cr. Decent growth, though not exceptional.
With a top line of ₹35,584 Cr, Asian Paints Ltd. operates at a major scale within the paints sector.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹35,584 Cr | +4.9% |
| FY2025 | ₹33,906 Cr | -4.5% |
| FY2024 | ₹35,495 Cr | +2.9% |
| FY2023 | ₹34,489 Cr | +18.5% |
| FY2022 | ₹29,101 Cr | — |
View Asian Paints Ltd.'s full 10-year revenue trend with CAGR analysis →
Asian Paints Profitability
The bottom line looked healthy: Asian Paints Ltd. posted net profit of ₹4,395 Cr in FY2026, 18.5% above FY2025.
Net margin widened to 12.4% in FY2026 — an improvement from the 10.9% recorded in FY2025.
On a per-share basis, diluted earnings were ₹45.11 in FY2026 versus ₹38.25 in FY2025.
Is Asian Paints Undervalued
Asian Paints Ltd. shares are currently trading at ₹2,810.00.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
Asian Paints Shareholding Pattern
Promoter holding is steady at 52.6% — no buying or selling over the past 4 quarters.
Foreign investors held 13.3% of the company as of June 2026, up year-over-year from 11.6%.
Domestic institutional investors (DIIs) held 20.8% as of June 2026, down from 21.6% a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 52.6% | 13.3% | 20.8% | 13.2% |
| Mar 2026 | 52.6% | 12.1% | 21.8% | 13.4% |
| Dec 2025 | 52.6% | 12.8% | 21.1% | 13.4% |
| Sep 2025 | 52.6% | 11.6% | 21.6% | 14.1% |
Track quarterly shareholding changes for Asian Paints Ltd. →
Asian Paints Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2026, the total asset base came in at ₹345.34B, up 13.7% YoY from ₹303.71B.
Property, Plant & Equipment accounts for 26.0% of the total, ahead of Other Assets (20.6%) and Cash & ST Investments (20.1%).
Capital structure: 63.7% equity, 11.4% debt, 24.9% operating liabilities. Over the year, debt is up 71.5% and equity is up 9.8%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 69.59B |
| Receivables | 44.62B |
| Inventories | 57.44B |
| Property, Plant & Equipment | 89.95B |
| Investments | 7.76B |
| Intangibles & Goodwill | 4.75B |
| Other Assets | 71.24B |
| Category | Value |
|---|---|
| Equity | 220.15B |
| Short-term Debt | 13.75B |
| Long-term Debt | 25.54B |
| Trade Payables | 38.63B |
| Other Liabilities | 47.28B |
Asian Paints Key Highlights
What should investors take away from Asian Paints Ltd.'s (ASIANPAINT) latest numbers? Here's the summary.
Revenue of ₹35,584 Cr in FY2026, up 4.9% year-over-year.
Long-term revenue has been compounding at 8.6% annually over 10 years.
The company is profitable, with a net margin of 12.4% and net income of ₹4,395 Cr.
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